Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for August 2nd, 2019

It’s Tariff Time!

leave a comment »

TGIF. It’s a good day to take a quick glance at some key economic fundamentals that could impact the consumer tech landscape.

U.S non-farm payrolls rose by 164K in July, and the jobless rate held steady at 3.7% (near a 50-year low).

Average hourly wages for private-sector workers advanced 3.2% from a year earlier. GDP increased at 2.1% in the second quarter, down from 3.1% in the first.

Manufacturing output has declined since the end of 2018, and an overseas manufacturing decline could hold U.S. growth back.

The U.S.’ largest trading partner is now Mexico, not China — speaking of whom, President Trump hit the Middle Kingdom yesterday with 10% tariffs on $300 billion in Chinese goods that included consumer products like apparel, toys, and cellphones.

Yes, that means iPhones, too!

Current estimates suggest about a 15% increase on electronics like laptops, smartphones, etc.

They go into effect August 30th, so you have 28 days to shop ’til you drop for any bargains.

Wonder if Gazelle’s traffic is seeing a post-tariff bump!

Written by turbotodd

August 2, 2019 at 11:25 am

%d bloggers like this: